Message Signing Standards
Message signing standards are the protocols that define how data is structured and signed by a user's wallet before being sent to a smart contract. These standards ensure that the message is formatted in a way that the contract can interpret and verify correctly.
Common standards like EIP-712 provide a way to present structured data to users in a human-readable format before they sign, which helps prevent phishing attacks where a user might sign a malicious transaction without realizing it. By standardizing the format, developers can create more secure and user-friendly interfaces for decentralized applications.
This is especially important for off-chain trading, where orders are signed off-chain and then submitted to a contract, as it guarantees the integrity and intent of the trade.